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April 27, 2017

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Business > Asia > China
Private and official surveys showed Tuesday that China's factory activity rose last month to its highest level in more than two years, suggesting the world's No. 2 economy is stabilizing.
 
Corporate China's overseas takeover binge encounters growing resistance
Corporate China's global shopping binge barreled on this week with more multibillion dollar deals, but Beijing is starting to discover that there are limits to what its money can buy.
 
Robots at center of China's strategy to leapfrog rivals
The Canbot can say its name, respond to voice commands, and "dance" as it plays Michael Jackson's "Billie Jean." Other robots China is displaying at the World Robot Conference can play badminton, sand cell phone cases and sort computer chips.
 
China growth steady as retail spending rises
China's economic growth held steady in the latest quarter, shored up by a bank lending boom and consumer spending that helped make up for weaker trade.
 
China's growth slipped to a seven-year low of 6.6 percent in the third quarter, according to an AFP survey, despite ample stimulus and a red-hot property market in the world's second-largest economy.
 
China exports sink 10% year-on-year in Sept.
China's exports plummeted in September, data showed Thursday, as anemic global demand dealt another blow to the world's second-largest economy, while weak imports fueled worries about crucial domestic appetite.
 
China's central bank set the yuan's central parity rate weaker than 6.7 to the dollar for the first time in six years Monday, the first day of trading after it joined the IMF's "special drawing rights" reserve currency basket.
 
Chinese authorities unveiled plans Monday to let companies use debt-for-equity swaps to cut soaring debt levels that economists warn might hamper the country's already slowing growth.
 
China has accused the European Union of hurting competition by imposing anti-dumping duties on Chinese steel, ratcheting up growing global tensions over a flood of low-cost Chinese exports.
 
Manufacturing activity in China continued its rebound in September on improving production and demand, government data showed Saturday -- a positive sign for the world's second-largest economy.
 
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